Coupang changes leadership roles to expand global business

Coupang Corp. has executed changes in leadership roles to focus more on overseas ventures. The company has entered Japan and Singapore this year. So...

Secondary PE deals headed for record year: Pomona Capital

Secondary private equity deals have been the fastest-growing segment of the private equity market for several years and this year, they could exceed...

Service marketplace Soomgo raises nearly $30 mn in Series C round

South Korea-based Brave Mobile Inc., the operator of service matching platform Soomgo, has secured 32 billion won ($28.6 million) in a Series C fund...

Naver vs. Kakao: Global webtoon duel extends into Southeast Asia

The global webtoon battleground between South Korea's leading platforms Naver Corp. and Kakao Corp. has expanded into Southeast Asia with each compa...

Govt pension fund to ease due diligence to revive global deals

South Korea's Government Employees Pension Service (GEPS) has abandoned its onsite only due diligence requirements on alternative deals in an effort...

Toss Bank to compete with K Bank, Kakao Bank from September

Toss Bank in September will enter the race of internet-only banks in South Korea as the third player, competing against K Bank and Kakao Bank. Toss ...

Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council

Hyundai Motor Group and three other South Korean conglomerates have agreed to launch an industry-wide consultative body on hydrogen, underscoring an...

Samsung SDI mulls EV battery JV in US; partnership with global automaker

Samsung SDI Co., one of South Korea’s top three electric vehicle battery makers, is considering launching a battery production joint venture i...

ADT Caps hires IPO managers to speed up 2021 listing

ADT Caps Co., South Korea's No. 2 security services provider, has appointed Morgan Stanley, Credit Suisse and NH Investment & Securities Co. to ...

HYBE raises $400 mn in a move to diversify BTS-dependent portfolio

HYBE Co., the global entertainment powerhouse behind BTS, has successfully closed its previously announced rights offering to raise 445.5 billion wo...

Global automakers accelerate EV push as chip shortage eases

Global auto companies are moving forward with their electric vehicle (EV) and other future mobility initiatives as the global semiconductor shortage...

HYBE x McDonald’s: The BTS Meal launches globally

McDonald’s has launched The BTS Meal on May 26 in the first selected group of 12 markets including Brazil, Canada and the US. The BTS meal is ...

CPPIB says no negative screening for ESG investing

The Canada Pension Plan Investment Board (CPPIB) does not carry out negative screening to exclude companies and sectors that do not comply with envi...

LG Chem stock plunges -6.73%, worst dip since March

LG Chem Ltd. suffered a broad sell-off on May 26, with more than 4 trillion won ($3.6 billion) of its market cap vanishing in a single trading day, ...

Hyundai Motor’s new XCIENT truck raises hydrogen game in Europe

South Korea’s top automaker Hyundai Motor Co. has unveiled an upgraded version of its fuel cell truck XCIENT, turning up the heat on rivals in...

Concurrent deal closings by Kakao, Naver: Mere coincidence?

Early this month, when Anchor Equity Partners was in intense negotiations with Kakao Corp. over the terms of its 600 billion won ($530 million) inve...

Chat fiction app operator eyes global expansion, webtoon market

As smartphones have become essential to everyday life, chat fiction -- storytelling in the form of fictional text messaging -- has become popular am...

Korean pension funds eye non-core global real estate

South Korea's Government Employees Pension Service (GEPS), Public Officials Benefit Association (POBA) and Military Mutual Aid Association (MMAA) ar...

Samsung to invest $151 bn in foundry by 2030, up 28.5% from initial plan

Samsung Electronics Co. will invest 171 trillion won ($151 billion) by 2030 to take over the global foundry leadership from its archrival TSMC. The ...

S.Korea: 11th in global export market for top-ranked items

South Korea ranks 11th in global export market shares with 69 top-ranked items -- reaching an all-time high In 2019, South Korean products ranked 1...

Korean investors in renewed push for global property deals

South Korea's IGIS Asset Management Co. and Hana Financial Investment Co. have acquired a 49% stake in the headquarters of the US mortgage lender Fa...

Korean pharmas may turn into global vaccine makers on Biden remarks

South Korea’s biosimilar and pharmaceutical companies are looking at a growing chance of emerging as a global hub for manufacturing vaccines f...

CVC names ex-Affinity Equity top manager as Korea head

CVC Capital Partners has appointed Chris Rhee, a former partner of Affinity Equity Partners, as its Seoul office head and global partner, according ...

Incheon Int'l Airport raises $300 mn in first global bond sale

South Korea's government-owned Incheon International Airport Corp. has raised $300 million in its first global bond sale to ease financial difficult...

Lotte Chem eyes global EOA leadership with capacity expansion

Lotte Chemical Corp. plans to further expand the production line for ethylene oxide adduct (EOA), a specialty material used in the construction indu...

Korean govt pension to commit $105 mn to 3 global infra funds

South Korea's Government Employees Pension Service (GEPS) will commit $105 million to three global infrastructure funds this year, targeting a net i...

Korea’s Netflix blockbuster Space Sweepers receives global viewership

Described as "South Korea's first space-set blockbuster," Netflix's film Space Sweepers is receiving considerable viewership globally, joining a gro...

Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank

South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavil...

SK E&S seeks global IB to raise up to $3 bn in 2021

SK E&S Co. will hire a global investment bank to launch the process of raising 2 trillion-3 trillion won ($2 billion-$3 billion) in new capital ...

Korean content shares soar as platforms eye overseas expansion

Shares of Korean content providers are flying high as platform operators such as Kakao Entertainment Corp. are looking to expand overseas to bask in...